Q4 FY24 Earnings Season

Power Grid reported Q4 FY24 standalone revenue of INR 12,254 crore and PAT of INR 4,128 crore, with a slight dip versus last year due to one-time tariff arrears in Q4 FY23.

ONGC reported a standalone PAT of ₹9,869 crore in Q4 FY24, a sharp increase from ₹528 crore in Q4 FY23, driven by a low base due to prior exceptional items and higher other income.

BPCL reported Q4 FY24 revenue of INR 132,085 crore and PAT of INR 4,224 crore, contributing to a record full-year net profit of INR 26,674 crore.

Grasim reported its highest-ever consolidated revenue of INR 1,30,978 crore and EBITDA of INR 20,837 crore for FY24, driven by record volumes in cement, cellulosic fiber, and ca...

NTPC reported a solid FY24 with standalone PAT of INR 18,079 crores (+5% YoY) and group PAT of INR 21,332 crores (+25% YoY), driven by higher generation (422 BU, +6% YoY) and st...

Sun Pharma reported Q4 FY24 consolidated revenue of INR 11,813 crore, up 10.1% YoY, driven by strong specialty sales (Ilumya up 21.7% to $580M globally) and India formulation gr...

Apollo Hospitals reported a strong Q4 FY24 with consolidated revenue of INR 4,944 crore (up 15% YoY) and EBITDA of INR 641 crore (up 31% YoY).

Asian Paints reported Q4 FY24 standalone revenue decline of 1.8% YoY due to a 3.7% price cut, but volume growth remained strong at double digits (~10%).

Britannia reported Q4 FY24 revenue of INR 4,014 crore, up 3% YoY, with EBITDA margin at 17.6%, down 4% YoY due to pricing actions and higher A&P spend.

Cipla reported Q4 FY24 revenue of INR 6,163 crore, up 10% YoY, with EBITDA margin expanding 95 bps to 21.4%.

Bajaj Finserv reported a strong Q4 FY24 with consolidated total income up 36% YoY to INR 32,042 crore and PAT up 20% to INR 2,119 crore.

SBI Life delivered a strong FY24 with new business premium growing 29% to INR 382.4 billion, maintaining private market leadership at 24.6% share.

Tata Consumer Products reported a solid Q4 FY24 with consolidated revenue up 9% YoY to INR 3,927 crore, driven by India Foods (up 20% including Capital Foods) and International...

Tech Mahindra reported Q4 FY24 revenue of INR 12,871 crore, down 6.4% YoY in constant currency, with EBIT margin of 7.4% (up 200bps QoQ).

ICICI Bank reported a strong Q4 FY24 with PAT growing 17.4% YoY to INR 107.08 billion, driven by robust core operating profit growth of 10.5% YoY and controlled provisions.

Maruti Suzuki reported a strong Q4 FY24 with net sales of INR 36,698 crore (+19.1% YoY) and net profit of INR 3,878 crore (+47.8% YoY), driven by record volumes of 584,031 vehic...

Adani Ports delivered a strong FY24 with revenue of INR 26,711 crore (+28% YoY) and PAT of INR 8,104 crore (+50% YoY), driven by cargo volume growth of 24% to 420 MMT.

Bajaj Finance reported a solid Q4 FY24 with AUM growth of 34% to INR 3,30,600 crore and PAT of INR 3,825.8 crore, up 21% YoY.

Reliance Industries reported a strong FY24 with consolidated EBITDA of INR 79,000 crore (up 16% YoY) and PAT of INR 79,000 crore (up 7.3%).

TCS reported Q4 FY24 revenue of INR 61,237 crore, up 3.5% YoY in rupee terms, with operating margin expanding 100 bps sequentially to 26%, the highest in 12 quarters.